This service pack is specially designed for traders, who are trading in MCX Bullion(Gold , silver) i.e. all the commodity bullion. Under this package the service would be provided via mobile by sms during the market hours. On an average 60-70 Calls would be given per month.

This service pack is specially designed for traders, who are trading in MCX ENERGY (CRUDE OIL AND NATURAL GAS) i.e. all the ENERGY SCRIPS . Under this package the service would be provided via mobile by sms during the market hours. On an average 40-50 Calls would be given per month.

22 May 2014

Crude oil is trading at 104.00 this morning surging on Wednesday evening after the release of the official EIA inventory. WTI oil prices gained by more than 1.5 percent in yesterday’s trading session and touched a one month high after the EIA report released last night showed large draw in commercial crude stocks, while renewed fighting in Libya that kept output low boosted Brent prices. Explosions and fighting were heard in Tripoli on Wednesday, two days after gunmen stormed parliament amid a surge in violence in the OPEC member country. National output in Libya edged higher to 230,000 barrels per day (bpd), up from 210,000 bpd on Monday but still a fraction of the 1.6 million bpd the country produced before the 2011 war. Two large oilfields were still shut 10 days after the government said protests there were over.

The EIA released its weekly inventories report showing US crude oil inventories declined by 7.3 million barrels for the week ending on 16th May 2014. Gasoline stocks rose by nearly 1 million barrels whereas distillate inventories rose by 3.4 million barrels for the same time period. Demand for crude, particularly gasoline usually increases during the month of June-Sep as US moves along its summer driving season which starts officially on the last Monday on May month. While refinery rates were little changed last week, traders feel as we near the summer season, consumption for gasoline would increase while refinery run rates too would rise.

Crude oil reached a one-month high on Wednesday, after the government reported a large draw in commercial crude stocks, while renewed fighting in Libya that kept output low boosted Brent prices. Brent oil rose 9 cents this morning to trade at 110.56. Libya’s major western oilfields remain closed 10 days after the government said protesters blocking pipeline flows had agreed to leave, while total oil output edged higher, a spokesman for National Oil Corp said on Wednesday.

TransCanada Corp is in talks with customers about shipping Canadian crude to the United States by rail as an alternative to its Keystone XL pipeline project that has been mired in political delays, Chief Executive Russ Girdling said on Wednesday.

China’s April crude imports from Iran more than doubled from a year ago to a record of nearly 800,000 barrels per day (bpd), pushing imports in the first four months of 2014 above levels seen before tougher Western sanctions were applied in 2012.

Natural gas is trading at 4.483 in the green this morning but remaining in a tight range ahead of today’s EIA inventory release and lack of seasonal demand ahead of summer. U.S. natural gas futures ended down almost 2 percent on expectations for a bigger than normal storage build despite forecasts for much stronger than normal cooling demand. Analysts forecast utilities added 102 billion cubic feet of gas into storage last week, well above the year-before and five-year average builds of 90 bcf. The U.S. Energy Information Administration will release its gas storage report and inventories are expected to show a surplus. - Fxempire.com

China's HSBC May flash manufacturing PMI rose to 49.7, well above expectations of matching the April reading of 48.1.

On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in July traded at $104.06 a barrel, bearly flat, after hitting an overnight session low of $102.58 a barrel and a high of $104.27 a barrel.

Overnight, crude got a bounce higher after the U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories fell by 7.2 million barrels in the week ending May 16, far surpassing expectations for a build of 750,000 barrels.

Total U.S. crude oil inventories stood at 391.3 million barrels as of last week.

The report also showed that total motor gasoline inventories increased by 1.0 million barrels, compared to forecasts for a gain of 0.1 million barrels, while distillate stockpiles rose by 3.4 million barrels, compared to expectations for a drop of 0.4 million barrels.

Ongoing tensions between Russia and Ukraine remained in focus, amid concerns over a disruption to supplies from the region.

Ukraine will hold presidential elections on Sunday, and concerns persist that Russia will meddle in the voting and escalate the crisis. U.S. and European officials have already warned that Russia would face additional sanctions if Moscow disrupts the upcoming elections, including sanctions targeting the Russian economy.

Russia produced 10.4 million barrels of oil per day in 2012 and exported 7.4 million, making it the world’s second largest oil exporter after Saudi Arabia.

Meanwhile, renewed concerns over Libya's oil output further supported prices, following some of the worst violence the country has seen since the 2011 war against Muammar Qaddafi.

Libya, an OPEC member, is home to Africa’s largest oil reserves, but production there has faltered in the three years following the topple of former leader Qaddafi due to political instability and attacks on oil assets. - investing.com

19 May 2014

New York-traded crude oil futures edged higher on Friday, amid
indications that the U.S. economy is shaking off the effect of a
weather-related slowdown over the winter, while traders continued to
monitor events in Ukraine.

Nymex oil ends the week with a gain of 1.56% on U.S. optimism, Ukraine worries

On the New York Mercantile Exchange, U.S. crude oil for delivery in July advanced 0.44%, or 45 cents, on Friday to settle the week at $101.58 a barrel by close of trade.Futures
were likely to find support at $100.82 a barrel, the low from May 15
and resistance at $101.98 a barrel, the high from May 14.

For the week, Nymex oil futures rose 1.56%, or $1.59 a barrel, the first weekly gain in five weeks.

The
Commerce Department reported Friday that U.S. housing starts rose 13.2%
last month, the largest increase in five months and following a 2.0%
increase in March.

The upbeat housing data came one day after a
report from the U.S. Department of Labor showed that the number of
people who filed for unemployment assistance in the U.S. last week fell
to a six-year low of 297,000.

The robust data underlined the view
that the U.S. economy was regaining traction after being slowed by
unusually cold temperatures during the winter months.

Meanwhile,
heightened tensions between Russia and Ukraine remained in focus, amid
concerns over a disruption to supplies from the region.

The
conflict between pro-Russian separatists and Ukrainian forces continued
on Friday, stoking fears that the crisis will further develop and drag
the U.S. deeper into the standoff.Russia produced 10.4 million
barrels of oil per day in 2012 and exported 7.4 million, making it the
world’s second largest oil exporter after Saudi Arabia.

In the
week ahead, investors will be looking to the minutes from the Federal
Reserve's latest monetary policy meeting, due for release on Wednesday,
for insight on the central bank's view of the economy.

Data from
the Commodities Futures Trading Commission released Friday showed that
hedge funds and money managers increased their bullish bets in New
York-traded oil futures in the week ending May 13.

Net longs totaled 311,195 contracts as of last week, up 3.75% from net longs of 299,543 in the preceding week.

Elsewhere, on the ICE Futures Exchange in London, Brent oil for July delivery picked up 0.61%, or 66 cents, on Friday to settle at $109.75 a barrel by close of trade.

The
July Brent contract rose 1.69% or $1.86 a barrel on the week, amid
growing concerns over a disruption to supplies from Libya.

Meanwhile
the spread between the Brent and the WTI crude contracts stood at $8.17
a barrel by close of trade on Friday, compared to $7.90 in the
preceding week. - investing.com

Crude oil futures were higher on Monday, as concerns over a disruption to supplies from Russia and Libya supported prices.On the New York Mercantile Exchange, U.S. crude oil for delivery in July advanced 0.53%, or 54 cents, to trade at $102.12 a barrel during European morning hours.

Nymex
oil rose to a session high of $102.27 a barrel earlier, the most since
April 24. U.S. oil futures ended Friday’s session up 0.44%, or 45 cents,
to settle at $101.58 a barrel.

New York-traded oil futures were
likely to find support at $100.97 a barrel, the low from May 16 and
resistance at $102.34 a barrel, the high from April 24.

Elsewhere, on the ICE Futures Exchange in London, Brent oil
for July delivery picked up 0.41%, or 45 cents, to trade at $110.20 a
barrel, while the spread between the Brent and U.S. crude contracts
stood at $8.08 a barrel.

Heightened tensions between Russia and Ukraine remained in focus, amid concerns over a disruption to supplies from the region.

The
conflict between pro-Russian separatists and Ukrainian forces continued
on over the weekend, stoking fears that the crisis will further develop
and drag the U.S. deeper into the standoff.U.S. and European
officials warned over the weekend that Russia would have to face
additional sanctions if Moscow disrupts the upcoming presidential
elections in Ukraine on May 25.Russia produced 10.4 million
barrels of oil per day in 2012 and exported 7.4 million, making it the
world’s second largest oil exporter after Saudi Arabia.

Meanwhile,
renewed concerns over Libya's oil output further supported prices,
following some of the worst violence the country has seen since the 2011
war against Muammar Qaddafi.

Libya, an OPEC member, is home to
Africa’s largest oil reserves, but production there has faltered in the
three years following the topple of former leader Qaddafi due to
political instability and attacks on oil assets. - investing.com

Copper
prices extended last week’s gains to hit an 11-week high on Monday, as
disappointing housing data from China fuelled speculation policymakers
will unveil fresh stimulus measures to stabilize the economy.

On the Comex division of the New York Mercantile Exchange, copper for July delivery advanced 0.79%, or 2.5 cents, to trade at $3.172 a pound during European morning hours.Copper
rose to a session high of $3.184 a pound earlier, the most since March
7. Prices eased up 0.08%, or 0.2 cents, on Friday to settle at $3.147 a
pound.

Futures were likely to find support at $3.127 a pound, the
low from May 16 and resistance at $3.219 a pound, the high from March 7.

Data
released over the weekend showed that house prices in China rose 6.7%
in April from a year earlier, slowing from a 7.7% increase in the
previous month.

The disappointing data added to hopes that China’s
government will introduce fresh stimulus to combat recent signs of a
slowdown in the nation’s economy.

The next slice of Chinese
economic data to come out will be the HSBC preliminary purchasing
managers' index for May, due on Thursday.

The Asian nation is the world’s largest copper consumer, accounting for almost 40% of world consumption last year.

Elsewhere on the Comex, gold for June delivery rose 0.53%, or $6.80, to trade at $1,300.20 a troy ounce, while silver for July delivery jumped 1.24%, or 23.9 cents, to trade at $19.56 an ounce.

Heightened tensions between Russia and Ukraine continued to support demand for safe haven assets.

The
conflict between pro-Russian separatists and Ukrainian forces continued
on over the weekend, stoking fears that the crisis will further develop
and drag the U.S. deeper into the standoff.

U.S. and European
officials warned over the weekend that Russia would have to face
additional sanctions if Moscow disrupts the upcoming presidential
elections in Ukraine on May 25. - investing.com